Superior Group of Companies, Inc. (NASDAQ:SGC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in Superior Group of Companies, Inc. (NASDAQ:SGC - Free Report) by 36.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 46,100 shares of the textile maker's stock after selling 26,300 shares during the period. Renaissance Technologies LLC owned 0.28% of Superior Group of Companies worth $762,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Wells Fargo & Company MN raised its stake in Superior Group of Companies by 0.9% during the 4th quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker's stock valued at $4,169,000 after acquiring an additional 2,320 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of Superior Group of Companies during the fourth quarter worth $238,000. Arrowstreet Capital Limited Partnership grew its position in Superior Group of Companies by 36.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 182,888 shares of the textile maker's stock valued at $3,023,000 after buying an additional 49,156 shares during the last quarter. Prudential Financial Inc. increased its stake in Superior Group of Companies by 24.7% in the 4th quarter. Prudential Financial Inc. now owns 15,160 shares of the textile maker's stock valued at $251,000 after buying an additional 3,000 shares during the period. Finally, LPL Financial LLC acquired a new position in Superior Group of Companies in the 4th quarter valued at $331,000. Institutional investors and hedge funds own 33.75% of the company's stock.

Superior Group of Companies Price Performance

SGC stock traded down $0.10 during midday trading on Wednesday, hitting $10.24. 22,792 shares of the stock were exchanged, compared to its average volume of 83,927. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The stock has a market cap of $168.73 million, a price-to-earnings ratio of 12.34, a PEG ratio of 1.52 and a beta of 1.67. Superior Group of Companies, Inc. has a fifty-two week low of $9.11 and a fifty-two week high of $21.80. The stock's 50-day moving average price is $10.97 and its 200-day moving average price is $14.14.

Superior Group of Companies (NASDAQ:SGC - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.09). Superior Group of Companies had a return on equity of 6.75% and a net margin of 2.37%. The business had revenue of $145.41 million during the quarter, compared to analysts' expectations of $146.54 million. Research analysts predict that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.47%. Superior Group of Companies's payout ratio is 75.68%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SGC shares. DA Davidson reduced their price objective on shares of Superior Group of Companies from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. StockNews.com downgraded Superior Group of Companies from a "buy" rating to a "hold" rating in a research note on Saturday, April 19th. Finally, Barrington Research dropped their price objective on Superior Group of Companies from $21.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, March 13th.

Superior Group of Companies Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.